PEMBROKE, Bermuda (AP) _ James River Group Holdings Ltd. (JRVR) on Wednesday reported a first-quarter loss of $36.8 million, after reporting a profit in the same period a year earlier.
The Pembroke, Bermuda-based company said it had a loss of $1.21 per share. Earnings, adjusted for non-recurring costs, came to 50 cents per share.
The insurance holding company posted revenue of $110.3 million in the period.
James River Group shares have declined roughly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.28, a decrease of almost 6% in the last 12 months.